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moorekapital
Sep 24, 2016 2:16 PM

DESCENDING TRIANGLE WITHIN TRADING RANGE 

FX:USOIL
Crude Oil (WTI)FXCM

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Analysis on chart.
Use your sixth sense ^_^


Click like to be updated on developments. I hold a short from 47.22 on demo, and short on live account via EURCAD long. see chart here---




We had fun with the chart below, some 4months ago. The updates to this chart presents loads of real trade lessons, bar by bar. Great for my library

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OPEC set for no deal as Iran rejects Saudi oil output offer
reuters.com/article/us-opec-meeting-saudi-idUSKCN11X0LL

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price reaction here, it matters!
s3.amazonaws.com/tradingview/snapshots/8/8OOZmPNA.png

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s3.amazonaws.com/tradingview/snapshots/7/7DiasZZc.png

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47.10 Just be patient and dont fight the mkt ;) s3.amazonaws.com/tradingview/snapshots/o/OhHGbOtA.png

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Heads Up!!! USOIL UPDATE--- If you did this trade w/ me, I think that we got activated now. The #1 challeneg I have here is that, we did not walk into the entry order---we gapped into it. That means that we need to be a bit careful here. Otherwise, for now, revise your stops from 50.98 to 50.56

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Investigating gapping..... s3.amazonaws.com/tradingview/snapshots/a/a5aME43a.png

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Well,
Saxobank doesnt show gap....
Tradenavigator doesnt show gap......
IG doesnt show gap......
Tradingview/Investing.com doesnt show gap.......

I guess I hold short, and rel on stop

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CRUDE OIL TRADE UPDATE---- No loss. Very tiny gain. Thanks to good risk management practices. click on link for chart update. content.screencast.com/users/moorekapital/folders/Jing/media/4ecb3583-905a-46fb-ad7d-188330d138cb/2016-10-26_1645.png

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Now, if price fails to reach 51 in 6hours from now = I'll short again, at close price of 6th hour, w/ stops @ 51
Atm, I see price simply rally into a PSZ-- Potential Sell Zone. No crude oil trade yet

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Doing a new chart for oil short----

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New chart done
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ElPatron.Y
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Seems like we got the same minimum target >.<
moorekapital
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Certainly! 'BOL' is a KEY trend decider.
summer6
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a nice chart. let's see if opec meeting could take oil to a new high or a new low. :)
moorekapital
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Valid statement. I believe that anyone short or long would manage his/her trade accordingly. Buy Climax, 51.60 would invalidate any further shorts imho
summer6
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agree ^_^
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